DVXK vs. DVSP

Last updated Jun 4, 2026

DVXK (WEBs Technology XLK Defined Volatility ETF) and DVSP (WEBs SPY Defined Volatility ETF) are both exchange-traded funds - DVXK is a Technology Equities fund tracking the Syntax Defined Volatility XLK Index, while DVSP is a Large Cap Blend Equities fund tracking the Syntax Defined Volatility US Large Cap 500 Index. Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.89% expense ratio.

Performance

DVXK vs. DVSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Technology XLK Defined Volatility ETF (DVXK) and WEBs SPY Defined Volatility ETF (DVSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXK achieves a 42.75% return, which is significantly higher than DVSP's 9.88% return.

DVXK

• 1D: -1.28%
• 1M: 29.95%
• YTD: 42.75%
• 6M: 40.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVSP

• 1D: -1.34%
• 1M: 8.93%
• YTD: 9.88%
• 6M: 9.36%
• 1Y: 35.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVXK vs. DVSP - Yearly Performance Comparison

	2026 (YTD)	2025
DVXK WEBs Technology XLK Defined Volatility ETF	42.75%	15.77%
DVSP WEBs SPY Defined Volatility ETF	9.88%	10.92%

Correlation

The correlation between DVXK and DVSP is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.86

Return for Risk

DVXK vs. DVSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVSP

DVSP Risk / Return Rank: 50
DVSP Sharpe Ratio Rank: 53
DVSP Sortino Ratio Rank: 49
DVSP Omega Ratio Rank: 50
DVSP Calmar Ratio Rank: 47
DVSP Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVXK vs. DVSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Technology XLK Defined Volatility ETF (DVXK) and WEBs SPY Defined Volatility ETF (DVSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DVXK	DVSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.46	0.61	+1.85

Drawdowns

DVXK vs. DVSP - Drawdown Comparison

The maximum DVXK drawdown since its inception was -24.08%, which is greater than DVSP's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for DVXK and DVSP.

Drawdown Indicators

	DVXK	DVSP	Difference
Max Drawdown Largest peak-to-trough decline	-24.08%	-22.67%	-1.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.56%	—
Current Drawdown Current decline from peak	-1.28%	-1.34%	+0.06%
Average Drawdown Average peak-to-trough decline	-6.71%	-5.54%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.96%	—

Volatility

Volatility by Period

	DVXK	DVSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.24%	19.94%	+12.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.24%	21.85%	+10.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.24%	21.85%	+10.39%

DVXK vs. DVSP - Expense Ratio Comparison

Both DVXK and DVSP have an expense ratio of 0.89%.

Dividends

DVXK vs. DVSP - Dividend Comparison

DVXK's dividend yield for the trailing twelve months is around 2.32%, more than DVSP's 0.25% yield.

Position	TTM	2025
DVSP WEBs SPY Defined Volatility ETF	0.25%	0.28%
DVXK WEBs Technology XLK Defined Volatility ETF	2.32%	3.32%

Frequently Asked Questions

Can I hold both DVXK and DVSP in my portfolio?

DVXK and DVSP have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXK or DVSP?

Both ETFs have the same 0.89% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXK or DVSP?

DVXK and DVSP have the same expense ratio: 0.89% per year.

Which ETF pays a higher dividend yield, DVXK or DVSP?

DVXK has the higher dividend yield at 2.32%, compared with 0.25% for DVSP.

What is the main difference between DVXK and DVSP?

DVXK is categorized as Technology Equities, while DVSP is Large Cap Blend Equities. DVXK tracks Syntax Defined Volatility XLK Index, while DVSP tracks Syntax Defined Volatility US Large Cap 500 Index.